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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Comment by matt2018on Aug 26, 2023 8:09am
226 Views
Post# 35606539

RE:RE:RE:RE:The Bad News

RE:RE:RE:RE:The Bad NewsSome may disagree with that.  What analyst is going to waste their time with an energy stock in Trin producing 1k bbl/day or so with no meaningful budget to drill and grow this thing?
That's called a penny stock.
You have few options other than to promote it yourself.
He went to the AIM and raised money to exploit some growth opportunities.
With Casca days away from start-up, the future looks quite bright.
Meaningfull money will be coming in with plans to perhaps double production there and re-work Coho to improve operations there.  Royston not entirely done.  Pump may get some production out of there yet.
Once you get that big win confirmed, you won't need the promoting as much as investors will find you.  



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